Stocks - U.S. Futures Rise on U.S. Tax Reform Optimism

 Wall Street futures were higher on Friday, boosted by growing optimism over the U.S. tax reform overhaul and as traders awaited highly-anticipated U.S. jobs data due later in the day.
The blue-chip Dow futures were up 0.16%, the S&P 500 futures added 0.18%, while the tech-heavy Nasdaq 100 futures gained 0.39%.
Sentiment strengthened after the U.S. Congress on Thursday passed legislation to temporarily fund the government through December 22, before a Friday midnight deadline and fuelling hopes the highly-anticipated U.S. tax reform will also be passed before the end of the year.
U.S. Senate Republicans agreed to talks with the House of Representatives on a major tax reform bill on Wednesday, signaling that lawmakers could agree on a final bill ahead of a self-imposed December 22 deadline.
The tech sector was expected to be in focus, after rebounding on Thursday and making significant gains. Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN) were two of the previous session's top performers and shares continued to rise by 0.07% and 0.16% in after-hour trade.
The materials sector was also likely to continue to move higher on Friday, after President Donald Trump said he plans to unveil an infrastructure spending plan in 2018.
Elsewhere, Sage Therapeutic (NASDAQ:SAGE) was slated to remain in the spotlight after reporting positive results from Phase 2 testing of its depression drug known as SAGE-217, sending the company's stock up 70.04% on Thursday.
Later Friday, the U.S. was slated to release its monthly report on nonfarm payrolls.